Ravinder Heights Limited — Important, 30-12-2024: General Updates

Radhika Heights Limited, along with its wholly owned subsidiaries, has encountered a setback regarding the application for a residential plotted colony in Gurugram, Haryana. The Directorate of Town & Country Planning has returned the application submitted by the land developer, Bestech India Private Limited, due to deficiencies noted in the application for setting up a 28.8625-acre project. This development might impact the timeline and execution of the project, which could have implications for the company's future plans in the region. Investors should monitor this situation closely as further updates are anticipated.